A corporation is a business organization that is owned by two or more people who are responsible for the day to day running of (Managing) the business. true or false

Answer 1

False.

A corporation is a legal entity that is separate from its owners. It is owned by shareholders who elect a board of directors to oversee the management of the corporation. The day-to-day running of the business is typically handled by appointed executives and employees, rather than the shareholders themselves.